DIRS.INFO The most relevant business & tech news

Pros Check mark icon A check mark. Pros Check mark icon A check mark. Pros Check mark icon A check mark. High interest rate Check mark icon A check mark. Pros Check mark icon A check mark.

Organizations: & $

Pros Check mark icon A check mark. Pros Check mark icon A check mark. Pros Check mark icon A check mark. High APY Check mark icon A check mark. Pros Check mark icon A check mark.

Organizations: & $

Pros Check mark icon A check mark. Pros Check mark icon A check mark. Pros Check mark icon A check mark. High APY Check mark icon A check mark. No monthly service fee Check mark icon A check mark.

Organizations: & $

Pros Check mark icon A check mark. High interest rate Check mark icon A check mark. Virtual debit card, physical debit card, and access to Apple Pay, Google Pay, Samsung Pay Check mark icon A check mark. Pros Check mark icon A check mark. Check writing included Check mark icon A check mark.

Organizations: & $

Pros Check mark icon A check mark. Pros Check mark icon A check mark. Pros Check mark icon A check mark. High interest rate Check mark icon A check mark. Check writing included Check mark icon A check mark.

Organizations: & $

Pros Check mark icon A check mark. Pros Check mark icon A check mark. High APY Check mark icon A check mark. Pros Check mark icon A check mark. Check writing included Check mark icon A check mark.

Organizations: & $

Pros Check mark icon A check mark. Pros Check mark icon A check mark. High APY Check mark icon A check mark. Pros Check mark icon A check mark. Check writing included Check mark icon A check mark.

Organizations: & $

Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.

Pros Check mark icon A check mark. High interest rate Check mark icon A check mark. Pros Check mark icon A check mark. Virtual debit card, physical debit card, and access to Apple Pay, Google Pay, Samsung Pay Check mark icon A check mark. Pros Check mark icon A check mark.

Organizations: & $

Organizations: & $

☆ There wasn’t a single bank robbery in Denmark last year
▼ + stars: | 2023-01-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —The number of bank robberies in Denmark fell to zero last year, as beefed-up security and reduced use of cash in the Nordic country make holdups less lucrative. In 2021, Denmark had just one bank robbery, according to data from Finance Denmark, an industry group for lenders. Increased camera surveillance, improved alarm systems and stronger cooperation with the police have helped to bring the number down, according to Michael Busk-Jepsen, director of digitalization at Finance Denmark. Of around 800 bank branches in Denmark, only about 20 still have staff handling deposits and withdrawals, Busk-Jepsen told CNN. Cash withdrawals have fallen by about 75% over the last six years, Bloomberg reported, citing central bank data.

☆ Venture debt will be big for startups in 2023 — and could break the bad habits of the boom years
▼ + stars: | 2023-01-03 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

Investors say venture debt encourages founders to build rather than grow — and that's a good thing. Fundraising from venture capital is expected to slow in 2023 as the tech slowdown continues. From the third quarter of 2021 to the third quarter of 2022, startup funding from venture capital fell by 54%, to $74.5 billion from $164 billion, according to PitchBook. Without more traditional venture-capital funding, startups are increasingly turning toward venture debt, taking out three-year loans to raise capital. In their view, venture debt will break the bad habits of a generation of free-spending startups and create a new breed of companies focused on execution and market fit over blitzscaling or promising to change the world.

Pros Check mark icon A check mark. High interest rate Check mark icon A check mark. High APY Check mark icon A check mark. Virtual debit card, physical debit card, and access to Apple Pay, Google Pay, Samsung Pay Check mark icon A check mark. Mobile check deposit Check mark icon A check mark.

☆ The Best Banks for Small Business
▼ + stars: | 2022-12-27 | by ( ) www.wsj.com time to read: +15 min

To find the best business banks, we evaluated two dozen of the biggest institutions, looking for accounts that are easy to use, with low or no fees, and that don’t require large balances. Amex is one of relatively few banks that offers a competitive interest rate on its business checking account, with a current APY of 1.3% on balances up to $500,000. If you’re on the lookout for a new business credit card, the American Express Business Gold Card is Buy Side’s pick for Best Business Credit Card. How we pickedTo pick Buy Side from WSJ’s Best Banks for Small Business, we evaluated small-business checking accounts offered by two dozen traditional and digital banking institutions. We looked for business checking accounts that offered the best combination of convenience, low fees and features that make running a business easier, like integration with other business technology platforms and the availability of (or ability to connect with) payment processing systems.

☆ Here are the 34 tech companies most likely to be snapped up by private equity firms like Vista and Thoma Bravo in 2023, according to bankers and market data
▼ + stars: | 2022-12-24 | by ( Ben Bergman | Stephanie Palazzolo | ) www.businessinsider.com time to read: +22 min

With a stock price down 45% in the last year, though, it may soon find itself on the other side of the table. But it has $732 million in cash on hand, with zero debt, and analysts are projecting 16% revenue growth. This year, though, Varonis has come back to earth — its stock price has sunk over 57% in the last 12 months. However, with strong projected 2023 revenue growth of 18.6%, Zuora remains a strong target for PE firms. Its stock price has been hammered, going down about 40% this year and making it the subject of mergers-and-acquisitions chatter.

☆ LendingClub’s New CFO Tasked With Preparing Its Balance Sheet for a Downturn
▼ + stars: | 2022-12-22 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Drew LaBenne, LendingClub’s chief financial officer since September, is tasked with managing the San Francisco-based company’s balance sheet as it faces a downturn and an industry pullback in demand for loans from investors. We use the marketplace, which is essentially whole loan sales to buyers, or we use the balance sheet. We make on average close to three times as much by putting a loan on the balance sheet versus selling it. Why not just keep all of them on your balance sheet? A lot of that was driven by the upfront CECL [charge] of the loans that we put on the balance sheet.

☆ Goldman insiders are up in arms over David Solomon's plan to slash bonuses. They fear widescale departures and point to the CEO's failed foray into consumer banking.
▼ + stars: | 2022-12-22 | by ( Dakin Campbell | Emmalyse Brownstein | ) www.businessinsider.com time to read: +11 min

Some are pointing the finger at CEO David Solomon and his spending on the consumer banking business. "Out of control" spendingGoldman insiders are also still fuming over spending on Goldman's consumer business, and there are fears this resentment could escalate with next month's earnings. The consumer bank includes Marcus, a digital banking platform that offers high-yield savings accounts, and the Apple credit card. It was key to Solomon's plan to diversify the company away from its core investment banking business. Goldman pulled back on its consumer banking ambitions earlier this year amid questions about how much cash was being burned on the strategy, led by Stephanie Cohen.

☆ Here are the 34 tech companies most likely to be on the holiday shopping lists of private-equity firms after valuations plunged this year, according to bankers and private data
▼ + stars: | 2022-12-15 | by ( Ben Bergman | Stephanie Palazzolo | ) www.businessinsider.com time to read: +22 min

Pros Check mark icon A check mark. Pros Check mark icon A check mark. Access to a debit card Check mark icon A check mark. Mobile check deposit Check mark icon A check mark. Automatically move extra money into investments with Autopilot Check mark icon A check mark.

☆ Bank card fraud exploded during the pandemic. Then came the bot hiring boom
▼ + stars: | 2022-12-06 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

But it was the pandemic as much as the deal itself which led to one important change in how the company looked at the combination of human workforce and technology. The use of digital banking boomed during the pandemic lockdowns and that led to an exponential growth in fraud. Fraud was costing the bank a significant amount of money, but previous to the pandemic, employing a human workforce for every charge was not an efficient or economic way to solve the problem. The costs of the fraud were being refunded to consumers, but the bank was not claiming the costs back from payment processors. But once the two banks combined, "it became really valuable," Hawkins said, just as the pandemic was leading to more fraud at low transaction values.

☆ Indonesia c.bank launches white paper on planned digital currency
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

JAKARTA, Nov 30 (Reuters) - Indonesia's central bank on Wednesday unveiled plans for a digital rupiah currency that will use blockchain technology, as the country sees a boom in digital transactions. The digital rupiah will underline Bank Indonesia's (BI) role as the sole authority to issue legal tender, including a digital currency, Governor Perry Warjiyo said at an event where he also laid out the central bank's policy guidance for 2023. Indonesia currently bans the use of cryptocurrencies as a means of payment, but allows transactions of the digital assets in the commodity futures market for investment purposes. "Digital rupiah will be implemented in stages, starting from wholesale CBDC for issuance, elimination and transfer between banks," he said. Indonesia has seen double-digit growth in digital banking transactions in the past few years with transactions in 2022 set to grow 30% to 53,144 trillion rupiah ($3.38 trillion), according to BI's data.

Pros Check mark icon A check mark. Pros Check mark icon A check mark. Mobile check deposit Check mark icon A check mark. Pros Check mark icon A check mark. Competitive APY Check mark icon A check mark.

Organizations: & $

Search resuls for: "Digital Banking"

25 mentions found